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  • Vopak and its joint venture partners intend to expand their deep water independent liquid storage terminal in Pengerang, Johor, Malaysia.
  • The terminal is strategically located in Asia's main oil trading center, along the international shipping routes and is pipeline connected to the industrial terminal which will be serving the new world-scale refinery and petrochemical complex RAPID which is currently being built.
  • The terminal will be expanded with 430,000 cbm to a total capacity of 1.7 million cubic meters. The expansion is expected to be commissioned progressively from Q1 2019. The expansion relates to clean petroleum products.
  • Denmark's A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday.
  • Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years.
  • Maersk reported a net loss stood of $264 million, compared with expectations for a $507 million net profit.

Rating of container lines of Black Sea H1 2017

Rating is based on the data for laden container turnover, without transshipment.

Record of market share growth (% of market share) in Black Sea belongs to EMC 2,10p.p., COSCOCS 1,24p.p. and ARKAS 0,62p.p., while record of market share drop was shown by CMA CGM -1,64p.p., OOCL -0,61p.p. and YML -0,57p.p. PIL suspended its activity in the region, while APL merged with CMA CGM.

- Increase of approximately 12 percent in container throughput and just over 7 percent in container transport
- Chairwoman of the Executive Board, Angela Titzrath: "HHLA's customers generate growth at the Port of Hamburg"
- Executive Board updates its forecast for Group EBIT, expecting a range between € 150 million and € 170 million including possible one-off expenses

The Maersk Taurus is the most recent vessel to arrive at Hamad Port from the Port of Salalah in Dhofar, the largest port in Oman, Qatar Ports Management Company (Mwani Qatar) has said in its Twitter account.

The European Commission released its report on the viability of a financial incentive for sustainable ship recycling under the EU Ship Recycling Regulation this week.

Oil majors Eni and Anadarko are moving forward with plans to build LNG terminals in Mozambique, an investment that promises to change the landscape of the African nation's economy.

New law promises to put an end to years of uncertainty and could lead to big contracts for Tamar and Leviathan gas fields.

King Ocean Services Limited, Inc. and Crowley Caribbean Services, LLC, both long-time customers at Broward County's Port Everglades, have entered into a vessel sharing agreement (VSA) that will expand their reach into the Port's top trade market, Central America.

Peel Ports is welcoming the election of Liverpool City Region Mayor, Steve Rotheram, as a unique opportunity to create a new vision for the local economy.


Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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